Binance to Compensate Traders Post AEUR Stablecoin Surge
AEUR, a stablecoin pegged to the Euro, experienced an unanticipated surge in value. Binance has stepped forward to compensate traders who acquired AEUR. The AEUR stablecoin, which generally mirrors the value of the Euro, peaked at $3.25, a significant increase of 200 percent from its anticipated value of approximately $1.07. This surge transpired with the […]
Binance Reportedly Informs Market Makers About US Settlement
Executives of the cryptocurrency exchange Binance informed its top market makers about the possible $4.3 billion settlement with U.S. authorities, allowing the exchange to stay in business. According to a report published by Bloomberg on December 1, Binance traders were briefed on a provisional agreement between the cryptocurrency exchange and U.S. officials at an exclusive […]
Binance Burns 4B Terra Luna Classic (LUNC) Tokens
Binance exchange burns the sixteenth shipment of Terra Luna Classic (LUNC) tokens, totaling nearly 4 billion, bringing the total number of LUNC destroyed by the exchange to over 43 billion, representing 52% of the total tokens burned by the Terra Luna Classic community. The transaction from December 1 indicates that cryptocurrency exchange Binance transferred 3.90 […]
Binance Announces USTC Perpetual Contract With 50x Leverage
Binance cryptocurrency exchange announced on Monday that it will launch a USTC perpetual contract with up to 50x leverage, this news has caused Terra Luna Classic (LUNC) and USTC prices to jump massively. Binance Futures will introduce the USD-M USTC Perpetual Contract, the company announced in an official capacity as of November 27. Binance provides […]
CZ to Plead Guilty to Violating Anti-Money Laundering Requirements – WSJ
According to a Wall Street Journal (WSJ) report, Changpeng Zhao, CZ, plans to plead guilty to violating U.S. Anti-Money Laundering requirements and step down as the CEO of the Binance exchange. As the United States Department of Justice (DOJ) awaits the announcement of a $4.3 billion settlement with the company, Binance founder Changpeng “CZ” Zhao […]